Table of Contents - Water Engineering and Construction Firms, 2026
Section 1 – Market Drivers and Trends
- Market Drivers: Ten Forces Influencing Engineering & Construction Strategies
- International Diversification and Water Focus Move in Opposite Directions
- M&A Pace Stabilizes Among Engineering & Construction Firms
- Leading Firms Leverage Varying M&A Strategies
- Notable Deals Split Between Geographic Expansion, Capability Building
- Leading Water Engineering Design and Construction Firms Value Chain Positioning
- Revenue and Stock Price Moved in Lockstep for a Year
Section 2 – Engineering Design Firm Positioning
- Water Remains a Minority Business for Nearly All Design Firms
- Water Revenue Market Share Concentrated Among Handful of Firms
- Engineering Firms Expand Into the Utility Decision Layer
- Design Firms Accelerating Development of AI Capabilities
Section 3 – Construction Firm Positioning
- Few Construction Firms Are True Water Specialists
- Ranking Construction Firms by Water-Related Revenues
- Firms are Expanding Through Geographic Platforms
- Construction Firms Positioning in Collaborative Delivery
- Garney, Kiewit, and PCL Construction Lead the Shift to Collaborative Delivery
Section 4 – Company Profiles: Engineering Design Firms
- Acciona
- AECOM
- Arcadis
- Arup
- Black & Veatch
- Brown and Caldwell
- Burns & McDonnell
- Carollo Engineers
- CDM Smith
- Dewberry
- Freese and Nichols
- GHD
- Haskoning
- Hazen and Sawyer
- HDR
- Jacobs Solutions
- McKim & Creed
- Mott MacDonald
- Ramboll
- RSK
- Stantec
- Sweco
- Tetra Tech
- Woodard & Curran
- WSP
Section 5 – Company Profiles: Construction Firms
- Aecon
- AtkinsRéalis
- FCC Group
- Ferrovial
- Garney Construction
- Granite Construction
- Grupo Cox
- Kiewit
- MWH Constructors
- PCL Construction
- Sacyr
- Shimmick
- Sundt Construction
- VINCI
- The Walsh Group